Soybean Meal Quality by OriginHipro soybean meal of different qualities (origins) in comparison to...

stegen

Report

nr. 2-2018

August 2018

Authors:

Klaas Gijsberts

Mark Smit

R e s e a r c h fo r d e v e l o p m en t

Soybean Meal Quality by Origin:

Economic Value of Hipro Soybean Meal in Least

Cost Formulations

Schothorst Feed Research B.V. 2

Report: nr. 2

Least Cost Formulations of Animal Feeds in Different Regions for the U.S. Soybean Export

Council, American Soybean Association- International Marketing and United Soybean

Board

Client: USSEC

Period: August 2018

The content of this report is for informational purposes only. All information provided in this report

is to the best of our knowledge accurate and based on solid research. Schothorst Feed Research BV

cannot be held responsible for any claims resulting from the use of the information provided or

feedstuff prices mentioned in this report in formulating feeds or purchasing feedstuffs.


Table of contents

Introduction ............................................................................................................................. 4

1. Shadowprices soybean meal in four different regions .................................................. 6

1.1 Shadow prices soybean meal by origin. Colombia ...................................................................... 6

1.2 Shadow prices soybean meal by origin. Peru ............................................................................... 8

1.3 Shadow prices soybean meal by origin. The Philippines .......................................................... 10

1.4 Shadow prices soybean meal by origin. Thailand ..................................................................... 12

Summary ................................................................................................................................ 14

Appendix 1: Nutrient values per species of the soybean meals by origin ........................ 15

Appendix 2: Feedstuff prices ................................................................................................ 16


Introduction

The added value of higher quality soybean meal in feeds for different species is studied in this report with

feedstuffs and prices for four regions: C o l o m b i a , P e r u (indicative for Latin America), The

Phi l ippines and Thailand (indicative for Southeast Asia) .

Least cost formulations.

The purpose of least cost formulations is to determine the shadow price of feedstuffs like

Hipro soybean meal of different qualities (origins) in comparison to other (protein rich) feedstuffs. The

shadow price is the maximum price that can be paid for a feedstuff to be used in a feed formulation, this is

dependent on:

- Market effects. Mainly the availability and prices of ‘competing’ feedstuffs, i.e. protein

Rich feedstuffs like other quality soybean meals, sunflower seed m ea l and/or rapeseed meal.

Therefore current market and future prices of feedstuffs for the Colombian, Peruvian, Philippine

and Thai feed industry when available are used.

- The species for which the feed is formulated, since the feeding or nutritional value of

The feedstuff and/or the nutrient restriction vary per species. Therefore three sets of feed formulations

are made for swine, layers and broilers each.

- The chemical composition and matrix values of soybean meal (of different origin). The

Price effect of differences in a) protein, b) energy and c) digestible amino acid (and phosphorus) were

analysed separately by equalizing protein and energy contents for swine and poultry feeds. Both the

chemical composition of SBM as well as the effect of processing (crushing) varies and influences the

nutritional quality. The nutrient values listed in appendix 1 are averages based on the research of Prof

Mateos, individual batches of SBM can vary considerable.

Note that the exact nutritional and economical value of a feedstuff can only be obtained (and compared)

if the feeding value (Net Energy or Apparent Metabolisable Energy content and digestible ileal or total tract

amino acid content) was determined with the target species (layer, growing pigs or broiler) of all

feedstuffs used in the formulation via the same research protocol (for the digestibility experiments). In

this formulation the CVB matrix is used for all the feedstuffs and the three different (origins of) soybean

meals are compared among each other with matrix values obtained from the research of Prof. G.

Mateos (Universidad Politecnica de Madrid, Spain). Therefore the differences in economic value among

the three soybean meals with different origins can be determined from the differences in nutritional value

from the different matrices.

Matrix nutrient values. The most important nutrient values per species of the different soybean meals are listed in appendix 1. Note that the nutrients which have a minimum or a maximum restriction or requirement in the formulations influence both the feed cost and shadow prices of feedstuffs. The energy (NE, EV and AME) and the (ileal) digestible amino acids) content are most crucial.

As can be seen from the matrices (see Appendix 1) the different quality soybean meals differ in

nutritional value resulting in shadow prices differences in feeds for different species and categories or

phases, the main differences are:


1. Protein content. This varies from 46.0% (Arg.) to 46.9% (Brazil).

2. Energy content. U.S. soybean meal has a 2.6% higher NE (swine), 3.0% higher AME- layer and

3.6% higher AME-broiler than soybean meal from Argentina. Brazilian soybean meal is 2.1% higher

in NE, 2.1% AME-layer and 2.1% AME-broiler than soybean meal from Argentina.

3. Amino acid profile, amino acid digestibility and digestible phosphorus. U.S. soybean meal has f.i.

a 7.9% higher AID lysine (swine) content than soybean meal from Argentina and the TD lysine

(poultry) content is 9.2% higher. Brazilian soybean meal has a 2.5% higher AID lysine (swine)

content than soybean meal from Argentina and the TD lysine (poultry) content is 2.9% higher.

Table 1: nutritional differences in soybean meals of different origins (see also appendix 1)

Argent.

vs Brazil

Swine

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Layer

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Broiler

U.S.

vs Brazil

U.S.

vs Arg.

Absolute differences in nutrient value

Protein% -0.9 -0.7 +0.2 -0.9 -0.7 +0.2 -0.9 -0.7 +0.2

Energy cal -40 +10 +50 -48 +20 +68 -39 +30 +69

The current market price of Hipro soybean meal in USD/Mt in the different regions is as follows:

Table 2: Market prices of Hipro soybean meal in different regions

Hipro SBM* Colombia Peru Philippines Thailand

USD/Mt 471 445 485 495

*Hipro soybean meal is sold on a per unit of protein basis, the average protein content of the generic product used in

the formulations is 46.8%.


1. Shadowprices soybean meal in four different regions

1.1 Shadow prices soybean meal by origin. Colombia

Table 3: Differences in value (USD/MT) of the different soybean meals caused by the chemical and nutritional differences among U.S. SBM,

Brazilian SBM and Argentinean SBM, based on a Hi Pro SBM price of USD 471/MT for August 2018

Argent.

vs Brazil

Swine

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Layer

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Broiler

U.S.

vs Brazil

U.S.

vs Arg.

Absolute differences in nutrient value (as table 1)

Protein% -0.9 -0.7 +0.2 -0.9 -0.7 +0.2 -0.9 -0.7 +0.2

Energy cal -40 +10 +50 -48 +20 +68 -39 +30 +69

Value (USD/Mt) differences

Protein -5.40 -4.50 1.20 -7.00 -5.50 1.50 -8.50 -6.70 1.90

Energy -2.40 0.50 3.00 -4.00 1.60 5.70 -4.20 3.20 7.40

Dig. AA * 1.50 17.80 15.90 5.00 8.30 3.20 2.10 8.80 6.60

Total -6.30 13.80 20.10 -6.00 4.40 10.40 -10.60 5.30 15.90

*Rest caused by differences in amino acid digestibility and mineral content (P). See Appendix 1.

The shadow price of toasted soybeans (market price USD 495) is USD 449.80 in pig, USD 493.50 in layer

and USD 622.40 in broiler feeds. In broiler feeds toasted beans have to be used in order to satisfy the linoleic

acid requirement in absence of soy oil (a soy oil price is not available).

Hipro soybean meal is therefore the most attractive protein source especially in poultry feeds, next to toasted

soybeans and maize DDGS.

Analyses of value differences (USD/Mt) of soybean meal of differing qualities

The value difference caused by each factor is given in table 3 where a comparison is made to Brazilian

soybean meal for each species. This analysis is based on the shadow prices in Colombia (Hipro soybean

meal USD 471) for August of the different qualities soybean meal. The results are in general applicable

to all regions.

A difference of 0.9% crude protein adds or decreases USD 5.40/Mt to the value of Hipro soybean meal

in swine feeds, 5.50 in layer feeds and 8.50 in broiler feeds.

Altogether the value differences due to protein content are larger in poultry than swine feeds and largest

in broiler feeds. Differences in value due to differences in digestible energy content are largest in broiler

feeds and in digestible amino acid and phosphorus content in swine feeds. In conclusion next to the protein

content, the digestible energy, amino acid and phosphorus contribute significantly to the value of soybean

meal.


Variation in nutrient values

The effect of variation in the nutrient value (4-5%) of soybean meal on the value (market price USD 471/Mt

in Colombia for August 2018) is given in the following table.

Table 4: Price effect of variation in nutrient value

Swine Layer Broiler

+/- 100 cal 6.00 8.30 10.80

+/- 4% dig AA 9.80 2.90 3.10

+/- 100 Cal and 4% dig AA 15.80 11.20 13.90

+/- 0.1 g/kg dig P 0.30 0.70 0.40

Variation in the energy content has the largest effect on the value of soybean meal in broiler feeds. Variation

in the digestible amino acid content has the most value in swine feeds. A variation of +/- 100 kcal has a USD

8.30/100 kg effect on the Hipro soybean meal value in layer feed, USD 10.80 in broiler feeds and USD 6.00

in swine feed.

Digestible phosphorus has the highest value in poultry feeds. The effects of digestible energy and amino

acids on the value of soybean meal are additive.


1.2 Shadow prices soybean meal by origin. Peru



Argent.

vs Brazil

Swine

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Layer

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Broiler

U.S.

vs Brazil

U.S.

vs Arg.


Protein% -0.9 -0.7 +0.2 -0.9 -0.7 +0.2 -0.9 -0.7 +0.2

Energy cal -40 +10 +50 -48 +20 +68 -39 +30 +69


Protein -4.80 -3.80 1.10 -6.30 -4.90 1.40 -7.70 -6.00 1.70

Energy 0.00 0.00 0.00 -2.50 1.10 3.60 -3.30 2.60 5.90

Dig. AA * 2.00 11.10 9.00 2.40 4.20 1.80 1.80 5.60 3.80

Total -2.80 7.30 10.10 -6.40 0.40 6.80 -9.20 2.20 11.40

*Rest caused by differences in amino acid digestibility and mineral content (P). See Appendix


feeds and USD 441.70 in broiler feeds.

Hipro soybean meal is therefore the most attractive protein source especially in poultry feeds, next to toasted

soybeans.



soybean meal for each species. This analysis is based on the shadow prices in Peru (Hipro soybean meal

USD 445) for August of the different qualities soybean meal. The results are in general applicable to all

regions.

A difference of 0.9% crude protein adds or decreases USD 4.80/100 kg to the value of Hipro soybean

meal in swine feeds, 6.30 in layer feeds and 7 .70 in broiler feeds.

Altogether the value differences due to protein content are larger in poultry than swine feeds and largest

in broiler feeds. Differences in value due to differences in digestible energy content are largest in broiler

feeds and the differences in value due to digestible amino acid and phosphorus content in swine feeds.

In conclusion next to the protein content, the digestible energy, amino acid and phosphorus contribute

significantly to the value of soybean meal.




in Peru for August 2018) is given in the following table.


Swine Layer Broiler

+/- 100 cal 0.00 5.20 8.50

+/- 4% dig AA 6.30 1.00 1.70

+/- 100 Cal and 4% dig AA 6.30 6.20 10.20

+/- 0.1 g/kg dig P 0.30 0.30 0.30

Variation in the energy content has the largest effect on the value of soybean meal in broiler and layer feeds

and variation in the digestible amino acid content has the most value in swine feeds. A variation of +/- 100

kcal has no effect on the Hipro soybean meal value in swine, USD 5.20 in layer feeds and USD 8.50 in

broiler feeds.

Variation in the AID (or SID) amino acid content has the largest impact in swine feeds. Variation in the

digestible energy content has the largest effect in poultry, especially broiler feeds because these are very

concentrated feeds. Digestible phosphorus has an equal value in all feeds. The effects of digestible energy

and amino acids on the value of soybean meal are additive.


1.3 Shadow prices soybean meal by origin. The Philippines



Argent.

vs Brazil

Swine

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Layer

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Broiler

U.S.

vs Brazil

U.S.

vs Arg.


Protein% -0.9 -0.7 +0.2 -0.9 -0.7 +0.2 -0.9 -0.7 +0.2

Energy cal -40 +10 +50 -48 +20 +68 -39 +30 +69


Protein -5.30 -4.30 1.10 -6.50 -5.10 1.40 -6.80 -5.40 1.60

Energy -2.90 0.70 3.60 -5.40 2.20 7.60 -4.30 3.40 7.80

Dig. AA * 0.70 17.30 16.50 3.30 9.00 5.70 1.50 9.00 7.20

Total -7.50 13.70 21.20 -8.60 6.10 14.70 -9.60 7.00 16.60



and USD 531.80 in broiler feeds.

Hipro soybean meal is therefore the most attractive protein source, especially in poultry feeds, next to maize

DDGS. Fishmeal is too expensive.



soybean meal for each species. This analysis is based on the shadow prices in The Philippines (Hipro

soybean meal USD 485) for August of the different qualities soybean meal. The results are in general

applicable to all regions.

A difference of 0.9% crude protein adds or decreases USD 5.30/Mt to the value of Hipro soybean meal

in swine feeds, 6.50 in layer feeds and 6 .80 in broiler feeds.

Altogether the value differences due to protein content are larger in poultry than swine feeds. Differences

in value due to differences in digestible energy content are largest in poultry feeds whereas differences

in value due to digestible amino acid plus phosphorus content are highest in pig feed. In conclusion

next to the protein content, the digestible energy. Amino acid and phosphorus contribute significantly to

the value of soybean meal.




in The Philippines for August 2018) is given in the following table.

Table 8: Price effect of variation in nutrient value (in USD/Mt)

Swine Layer Broiler

+/- 100 cal 7.30 11.20 11.30

+/- 4% dig AA 11.00 2.30 3.90

+/- 100 Cal and 4% dig AA 18.30 13.50 15.10

+/- 0.1 g/kg dig P 0.60 0.90 0.30

Variation in the energy content has the largest effect on the value of soybean meal in layer and broiler feeds

and variation in the digestible amino acid content has the most value in swine feeds. A variation of +/- 100

kcal has an effect on the Hipro soybean meal value of USD 7.30 in swine feeds, USD 11.20 in layer feeds


Variation in the AID (or SID) amino acid content has the largest impact in swine feeds. Digestible

phosphorus has the highest value in layer feeds. The effects of digestible energy and amino acids on the

value of soybean meal are additive.


1.4 Shadow prices soybean meal by origin. Thailand



Argent.

vs Brazil

Swine

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Layer

U.S.

vs Brazil

U.S.

vs Arg.

Argent.

vs Brazil

Broiler

U.S.

vs Brazil

U.S.

vs Arg.


Protein% -0.9 -0.7 +0.2 -0.9 -0.7 +0.2 -0.9 -0.7 +0.2

Energy cal -40 +10 +50 -48 +20 +68 -39 +30 +69


Protein -5.60 -4.60 1.30 -8.80 -6.90 2.00 -8.10 -6.40 1.80

Energy -3.00 0.70 3.70 -6.70 2.80 9.40 -3.40 2.60 6.00

Dig. AA * 0.60 20.40 19.50 4.90 8.40 3.50 1.60 5.00 3.30

Total -8.00 16.50 24.50 -10.60 4.30 14.90 -9.90 1.20 11.10




Hipro soybean meal is therefore the most attractive protein source especially in poultry feeds, next to maize

DDGS.



soybean meal for each species. This analysis is based on the shadow prices in Thailand (Hipro soybean

meal USD 495) for August of the different qualities soybean meal. The results are in general applicable

to all regions.

A difference of 0.9% crude protein adds or decreases USD 5.60/Mt to the value of Hipro soybean

meal in swine feeds, 8.80 in layer feeds and 8 .10 in broiler feeds.

Altogether the value differences due to protein content are larger in poultry than swine feeds. Differences

in value due to differences in digestible energy content are largest in layer feeds and in digestible amino

acid and phosphorus content in swine feeds. In conclusion next to the protein content. The digestible

energy. Amino acid and phosphorus contribute significantly to the value of soybean meal.




in Thailand for August 2018) is given in the following table.


Swine Layer Broiler

+/- 100 cal 7.30 13.80 8.80

+/- 4% dig AA 11.70 1.10 1.70

+/- 100 Cal and 4% dig AA 19.00 14.90 10.40

+/- 0.1 g/kg dig P 0.00 0.50 0.30

Variation in the energy content has the largest effect on the value of soybean meal in layer feeds and variation

in the digestible amino acid content has the most value in swine feeds. A variation of +/- 100 kcal has an

effect on the Hipro soybean meal value of USD 7.30 in swine, USD 13.80 in layer feeds and USD 8.80 in

broiler feeds.

Variation in the AID (or SID) amino acid content has the largest impact in swine feeds. Digestible

phosphorus has the highest value in layer feeds. The effects of digestible energy and amino acids on the

value of soybean meal are additive.


Summary In summary the higher economic and nutritional value of soybean meal from U.S. origin over soybean

meal from Argentina or Brazil, at the same protein content, is caused by the (combined) higher amino acids

and organic matter (= energy) digestibility. Differences in the (digestible) energy content contribute more to

the added value than differences in digestible amino acid and phosphorus content.

Sincerely yours.

Klaas Gijsberts Ing.

Mark Smit

For any comments. questions or suggestions please write to:

[email protected]

[email protected]

mailto:[email protected]


Appendix 1: Nutrient values per species of the soybean meals by origin

Chemical composition (g/kg product)

Feedstuffs CVB Mateos Matrix

SFR Argentina Brazil U.S.

Composition (g/kg) 46.8% CP 46% CP 46.9% CP 46.2% CP

Moisture 122.0 120.0 112.0 120.0

C.Protein 468.0 460.0 469.0 462.0

C.Fiber 40.0 36.0 54.0 38.0

Ash 64.0 67.0 62.0 67.0

C.Fat 22.0 16.0 19.0 15.0

Starch (Ewers) 40.0 25.0 25.0 25.0

Sugars 65.0 67.0 53.0 79.0

Calcium 2.80 3.30 3.00 4.60

Phosphorus 6.30 6.90 6.20 6.80

Potassium 22.3 22.5 21.3 21.1

Lysine 29.0 28.3 28.6 28.8

Meth+cyst 13.6 13.5 13.4 13.5

Tryptophan 6.1 6.3 6.3 6.4

Threonine 18.3 18.2 18.2 18.1

Isoleucine 21.5 20.8 21.2 20.8

Energy value

NE pigs kcal 1945 1940 1980 1990

EV pigs (Dutch) 92.62 92.38 94.29 94.76

AME layer kcal 2227 2242 2290 2310

AME broiler kcal 1888 1901 1940 1970

Digestible nutrients

Digestible P swine 2.50 2.70 2.40 2.70

Dig. P poultry 2.60 2.80 2.30 2.80

il.dig.Lys swine 25.8 24.0 24.6 25.9

Il.dig.Lys/100 g.Pr 5.51 5.22 5.25 5.61

il.dig.Meth swine 5.9 5.5 5.4 5.8

il.dig.M+C swine 11.6 10.9 11.1 11.6

il.dig.Tryp swine 5.2 5.2 5.2 5.5

il.dig.Thre swine 15.4 14.5 14.7 15.4

il.dig. Isol swine 18.7 17.5 18.1 18.5

dig.Lys poultry 25.5 24.0 24.7 26.2

dig.Lys/100 g.Prot 5.45 5.22 5.27 5.67

dig.Meth poultry 5.8 5.5 5.5 5.8

dig.M+C poultry 11.5 11.1 11.2 11.9

dig.Tryp poultry 5.4 5.4 5.4 5.5

dig.Thre poultry 15.6 14.9 15.2 15.9

dig.Isol poultry 18.9 18.1 18.7 18.8


Appendix 2: Feedstuff prices Colombia

Feedstuff category Feedstuffs Price Peso/ USD per MT

Grains Maize 683/ 239 USD MT

Wheat NA

Rye NA

Barley NA

Triticale NA

Sorghum NA

By products wheat middlings NA

wheat bran 649/ 224 USD MT

maize gluten 60% CP 2.065/ 712 USD MT

maize gluten feed 647/ 223 USD MT

beet pulp 1.845/ 636 USD MT

glycerol 80% NA

Protein rich Soy beans toasted 1.450/ 500 USD MT

Soybean meal Hipro 47% CP 1.367/ 471 USD MT

Rapeseed meal 00 34-36% CP NA

Rapeseed expellers NA

Maize DDGS 892/ 307 USD MT

Wheat DDGS NA

Peas NA

Sunflower 28/30% Profat NA

Sunflower 34% CP 1.159/ 399.80 USD MT

Fish meal (CP? 56-59) 4.776/ 1.647 USD MT

Lupins NA

Fats and oils Animal fat 1.940/ 669 USD MT

Soy oil NA

Palm oil 2210/ 762 USD MT

Palmoil fatty acids NA

Fatty acid mixtures NA

Binders Molasses (cane or beet) 450/ 155 USD MT

Fiber rich Citrus pulp NA

Soy hulls NA

palmkernel meal 350/ 120.70 USD MT

Alfalfa meal 16% 1.218/ 420 USD MT

Additives L-Lysine HCl 4.023/ 1.387.70 USD MT

DL-methionine 7.697/ 2.655 USD MT

L-threonine 3.990/ 1.376 USD MT

L-tryptophan 34.072/ 11.753 USD MT

Salt 326/ 112.40 USD MT

Limestone 120/ 43 USD MT

Nutricalfos 17.9%P 32% Ca 1.544/ 533 USD MT


Peru Feedstuff category Feedstuffs Price (USD per MT)

Grains Maize 220

Wheat 280 Ruso

Rye NA

Barley NA

Triticale NA

Sorghum 240

By products wheat middlings NA

wheat bran NA

maize gluten 60% CP 702

maize gluten feed NA

beet pulp NA

glycerol 80% NA

Protein rich Soy beans toasted 420

Soybean meal Hipro 47% CP 445

Rapeseed meal 00 34-36% CP NA

Rapeseed expellers NA

Maize DDGS 315

Wheat DDGS NA

Peas NA

Sunflower 28/30% Profat NA

Sunflower 34% CP 390 –Boliviana

Fish meal (CP?) 1500 – Super Prime

Lupins NA

Fats and oils Animal fat 705

Soy oil 740

Palm oil 660

Palmoil fatty acids 565

Fatty acid mixtures 565

Binders Molasses (cane or beet) NA

Fiber rich Citrus pulp NA

Soy hulls NA

palmkernel meal 153

Alfalfa meal 16% NA

Additives L-Lysine HCl 1.530

DL-methionine 2.650

L-threonine 1.800

L-tryptophan 14.000

Salt 130

Limestone 70

Monocalcium phosphate 570

Dicalcium phosphate 520


The Philippines

Feedstuff category Feedstuffs Price USD MT

Grains Maize 330-340

Wheat 320-325

By products Wheat pollard 280-290

Wheat bran 180-190

Rice bran 270-280

Copra meal 220-230

Protein rich

US DHSBM 480-490

Argentine SBM 460-470

Brazillian SBM N/A

Extrd FFSBM 580-590

DDGS 320-340

Fish meal. 65% 1280-1290

Fish meal 58% 940-960

Fats and oils Animal fat 630-650

Soy oil 820-850

Palm oil 670-680

Palmoil fatty acids 720-730

Coconut oil 900-920

Binders Molasses (cane or beet) 200-210

Fiber rich Pollard 220-230

Soy hulls N/A

Palm kernel meal 270-280

Additives L-Lysine HCl 1700-1800

DL-methionine 3200-3400

L-threonine 3000-3300

L-tryptophan 40.000-44.000

Salt 60-70

Limestone 80-90

Monocalcium phosphate 500-560

Dicalcium phosphate 400-450

Phytase 750-800


Thailand

Feedstuff category

Feedstuffs Price USD MT

Grains Maize 250-270

Wheat 250-260

By products Wheat pollard -

Wheat bran 220-230

Rice bran 240-250

Copra meal -

Protein rich

US DHSBM 490-500

Argentine SBM 470-480

Brazillian SBM 500-510

Extrd FFSBM 520-540

DDGS 290-300

Fish meal. 65% 1.225-1.345

Fish meal 58% 1.195-1.225

Fats and oils Animal fat 595-895

Soy oil 740-760

Palm oil 610-620

Palmoil fatty acids 610-620

Coconut oil 1.120-1.130

Binders Molasses (cane or beet) 145-155

Fiber rich Pollard

Soy hulls 190-200

Palm kernel meal 150-160

Additives L-Lysine HCl 1.320-1.370

DL-methionine 2.600-2.650

L-threonine 1.320-1.350

L-tryptophan 10.000-11.000

Salt 85-95

Limestone 20-30

Monocalcium phosphate 540-550

Dicalcium phosphate 415-425

Phytase -

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